UNDERWRITING AGREEMENTUnderwriting Agreement • October 15th, 2018 • Algonquin Power & Utilities Corp. • Electric services • New York
Algonquin Power & Utilities Corp., a Canadian corporation (the “Corporation”), proposes to issue and sell to the several underwriters named in Schedule A (the “Underwriters”), acting severally and not jointly, the respective amounts set forth in such Schedule A of $250,000,000 aggregate principal amount of the Corporation’s 6.875% Fixed-to-Floating Subordinated Notes – Series 2018-A, due October 17, 2078 (the “Firm Notes”). The Corporation also proposes to grant to the Underwriters, acting severally and not jointly, an option to purchase all or any part of an additional $37,500,000 aggregate principal amount of the Corporation’s Fixed-to-Floating Subordinated Notes – Series 2018-A, due October 17, 2078 (the “Option Notes” and, together with the Firm Notes, the “Notes”) to cover over-allotments. Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”), J.P. Morgan Securities LLC (“J.P. Morgan”), Morgan Stanley & Co. LLC (“Morgan Stanley”) and Wells Fargo Securities, LLC (“We
